Global Advisory, Procurement Risk Analyst, NY

About Us

Rothschild & Co

Rothschild & Co is a leading global financial services group with seven generations of family control and a history of over 200 years at the centre of the world's financial markets.

Our expertise, intellectual capital and global network enable us to provide a distinct perspective that makes a meaningful difference to our clients, communities and planet.

We have 4,200 talented specialists on the ground in over 40 countries around the world, enabling us to deliver a unique global perspective across four market-leading business divisions – Global Advisory, Wealth Management, Asset Management and Merchant Banking.

As a family-controlled business built on relationships, we place a huge emphasis on our people and finding the right colleagues to take our business forward.

Rothschild & Co is committed to an inclusive and supportive environment where diversity and different perspectives are valued. We are focused on the attraction and recruitment, development and retention and progression of high calibre talent to ensure we and our clients benefit from the value of difference.

Overview of Role

The Third-Party Relationship (TPR) Due Diligence Analyst will be part of the global Procurement and TPR team, with a specialist focus on due diligence. The team is responsible for the sourcing and onboarding of third-parties across the Group. The TPR Analyst will work closely with business sponsors, Procurement and external third-party contacts to ensure that each third-party completes the requisite onboarding and ongoing due diligence.

In this role, you will demonstrate an understanding of Third-Party Relationship Management, and the risks that third-parties could pose to the Group. You will be familiar with key details of the TPRM lifecycle, though not a requirement. A basic understanding of TPRM tools, protocols and best practices is a plus. 

Responsibilities

• Communicate due diligence requirements to the business sponsor and relevant third-parties
• Answer general queries around how the due diligence and general procurement process operates
• Conduct the full due diligence process for all relevant third-parties:
  • Perform the requisite screening checks utilizing a variety of available systems
  • Submit risk surveys to applicable third-parties for their completion
  • Assess results of all checks and survey responses
  • Escalate key findings to the relevant internal teams for any further investigation and final approval
• Identify any risks or non-compliance that could potentially impact the firm
• Liaise with various internal business lines, e.g., business sponsors and/or leads, subject matter experts, Legal, Compliance and Finance
• Be comfortable reviewing and challenging justifications / artifacts of the business owner and vendors
• Monitor and initiate periodic reviews of third-party due diligence
• Maintain updates to key regulatory documentation
• Assist Procurement managers with the onboarding and offboarding of third-parties where requested

Education and Qualifications

• Bachelor’s degree preferred but not required

Experience, Skills and Competencies Preferred

• +1 years of relevant vendor management experience preferred but not required
• Strong focus on excellent client service with the ability to work calmly under pressure
• Proactive attitude and willingness to accept ownership of key aspects of the onboarding and ongoing monitoring processes
• A team player who can seamlessly work cross-border with Procurement managers across the U.S., the U.K., France and Switzerland
• The ability to act with good judgement and common sense while taking direction well
• Organized and autonomous, able to manage multiple projects at the same time
• Analytically minded, able to visualize, conceptualize and solve problems
• Excellent skills in internal and external relationship management:
  • Supplier management skills including ability to develop and manage business driven supplier executive relationships
  • Ability to develop relationships with senior leaders
  • Confidence to influence business stakeholders to adopt improved sourcing methods and process compliance
• Strong attention to detail
• Willingness to learn and upskill in the Procurement industry
• Solid analytical and computer skills (proficient in O365 suite) is required; and experience with Esker, World-Check One and other procurement and vendor management-specific tools is preferred but not required

Expected base salary rates for this role in our New York Office will be between $60,000 and $70,000 per year at the commencement of employment. However, sa